H.R. 3594 · 111th Congress
TARP Recipient Ownership Trust Act of 2009
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BachusSponsor19 cosponsors · 3 D, 16 R
R
Boehner
MB
R
Bachmann
SG
R
Garrett
SH
D
Herseth Sandlin
WJ
R
Jones
PK
D
Kanjorski
CL
R
Lee
DM
D
Moore
EP
R
Paulsen
MR
R
Rogers
WA
R
Akin
RN
R
Neugebauer
KC
R
Conaway
TF
R
Franks
WH
R
Herger
DI
R
Issa
BL
R
Luetkemeyer
DM
R
Manzullo
KC
R
Calvert10 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
TARP Recipient Ownership Trust Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to authorize the Secretary of the Treasury to delegate to a private entity management authority over troubled assets with respect to any entity assisted under the Troubled Asset Relief Program (TARP).
What it does: CRS summary · Introduced in House · Sep 17, 2009
TARP Recipient Ownership Trust Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to authorize the Secretary of the Treasury to delegate to a private entity management authority over troubled assets with respect to any entity assisted under the Troubled Asset Relief Program (TARP).
Prohibits any expenditure of TARP funds until the Secretary transfers all voting, nonvoting, and common equity in any designated TARP recipient to a limited liability company, to be held and managed in trust on behalf of U.S. taxpayers.
Requires the trustees to liquidate the trust and its assets by December 24, 2011, unless: (1) the trustees report to Congress that liquidation would not maximize profitability of the company and the return on investment to the taxpayer; and (2) Congress enacts into law a joint resolution approving continuation of the TARP management plan established under this Act.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: TARP Recipient Ownership Trust Act of 2009
Latest action (Sep 17, 2009): Referred to House Rules
Policy area: Finance and Financial Sector · Origin: House · Introduced: Sep 17, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.